January 14, 2021

The Power of Compound Interest

One of the most basic economic concepts that affects personal financial decisions is compound interest, the idea that savings and investments grow based not only on contributions but is enhanced by interest earned on contributions and previous interest. Conversely, compound interest hurts borrowers, especially on high interest loans like credit cards.

Get informed with this helpful website with its easy to use caculator:

The Power of Compound Interest: Guide & Calculator

https://www.moneygeek.com/compound-interest-calculator/

 

Other useful calculator tools: 

Cost of Living Calculator - https://www.moneygeek.com/cost-of-living-calculator/ 

Mortgage Calculator - https://www.moneygeek.com/mortgage/mortgage-calculator/

 

 

 

No comments:

Post a Comment

Financial Planning for Women does not sell, rent, loan, lease or otherwise provide any personal information collected at our site to any third parties.